$425,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $425k home. Change the numbers to see different options. This calc can be used for car loans, debt, real estate, home purchase, etc.
Can I afford a 425,000 dollar house? It depends. In addition to the mortgage payment, a home also has insurance, maintenance, and taxes. Taxes can vary drastically by area. A very rough estimate is to not spend more than 30% of your income on housing.
How do I get a mortgage? A simple first step is to talk to a local banker and fill out a mortgage application. Then consider other offers, either local or online.
How much of a down payment should I make? Here's a little chart that shows monthly payments based on down payment for a $425,000 house.
2% interest
0% down$1,570.88/mo
5% down$1,492.34/mo
10% down$1,413.79/mo
15% down$1,335.25/mo
20% down$1,256.71/mo
25% down$1,178.16/mo
30% down$1,099.62/mo
35% down$1,021.07/mo
40% down$942.53/mo
45% down$863.99/mo
50% down$785.44/mo
4% interest
0% down$2,029.02/mo
5% down$1,927.56/mo
10% down$1,826.11/mo
15% down$1,724.66/mo
20% down$1,623.21/mo
25% down$1,521.76/mo
30% down$1,420.31/mo
35% down$1,318.86/mo
40% down$1,217.41/mo
45% down$1,115.96/mo
50% down$1,014.51/mo
6% interest
0% down$2,548.09/mo
5% down$2,420.69/mo
10% down$2,293.28/mo
15% down$2,165.88/mo
20% down$2,038.47/mo
25% down$1,911.07/mo
30% down$1,783.66/mo
35% down$1,656.26/mo
40% down$1,528.85/mo
45% down$1,401.45/mo
50% down$1,274.04/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 425,000 house with a 20% down payment?
($340,000 loan. 30 year mortgage)
0.25%$980.40
0.50%$1,017.24
0.75%$1,054.97
1.00%$1,093.57
1.25%$1,133.06
1.50%$1,173.41
1.75%$1,214.63
2.00%$1,256.71
2.25%$1,299.64
2.50%$1,343.41
2.75%$1,388.02
3.00%$1,433.45
3.25%$1,479.70
3.50%$1,526.75
3.75%$1,574.59
4.00%$1,623.21
4.25%$1,672.60
4.50%$1,722.73
4.75%$1,773.60
5.00%$1,825.19
5.25%$1,877.49
5.50%$1,930.48
5.75%$1,984.15
6.00%$2,038.47
6.25%$2,093.44
6.50%$2,149.03
6.75%$2,205.23
7.00%$2,262.03
7.25%$2,319.40
7.50%$2,377.33
7.75%$2,435.80
8.00%$2,494.80
8.25%$2,554.31
8.50%$2,614.31
8.75%$2,674.78
9.00%$2,735.72
9.25%$2,797.10
9.50%$2,858.90
9.75%$2,921.13
10.00%$2,983.74
10.25%$3,046.74
10.50%$3,110.11
10.75%$3,173.84
11.00%$3,237.90
11.25%$3,302.29
11.50%$3,366.99
11.75%$3,431.99
12.00%$3,497.28